Monday, August 4, 2008

Bought oceanus, venture, HI-P

Bought 10 lost oceanus @43c.

Bought 10 lots HI-P @59, 4 lots @ 59.5. Sell if breaks 48c

Bought 1 lot Venture Mfg @ 10.94. S if breaks 9.33, or consider selling if price/vol pattern changes (want to see up days on high vol, troughs on low vol).

It is scary to buy so much in a fledgling rally that has not yet proven itself. I wonder if my stop-loss levels are too wide and loose. most trades have potential losses of 20%. Mabye I should be more cautious.